Board Meeting Outcomes

The Board of Directors meeting held on November 14, 2026, at the registered office from 02:00 PM to 11:45 PM:

  • Considered and approved the Unaudited Standalone & Consolidated Financial Results for the half year ended September 30, 2026, as reviewed and recommended by the Audit Committee.
  • Appointed M/s. A. Singhi & Co, Chartered Accountants as Internal Auditor for FY 2026-27. The firm was described as a professional services firm engaged in audit, assurance, taxation, regulatory compliance and advisory services with extensive experience.

Financial Results - Standalone (₹ in Lakhs)

Income Statement Highlights:

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹4,854.16
  • Other Income: ₹34.08
  • Total Income: ₹4,888.24
  • Total Expenses: ₹3,962.83 (including Cost of Material Consumed: ₹2,700.40, Employee Benefit Expense: ₹592.85, Finance Costs: ₹88.77)
  • Profit Before Tax: ₹925.41
  • Tax Expense: ₹273.53 (Current tax) with deferred tax asset of ₹2.17
  • Profit for the period: ₹653.92
  • Earnings Per Share: Basic ₹3.08, Diluted ₹3.08

Comparative Performance:

  • Half Year Ended March 31, 2026 (Unaudited): Profit ₹560.46, EPS ₹2.92
  • Half Year Ended September 30, 2025 (Unaudited): Profit ₹395.45, EPS ₹2.06
  • Year Ended March 31, 2026 (Audited): Profit ₹955.90, EPS ₹4.99

Balance Sheet Position (as at September 30, 2026):

  • Share Capital: ₹2,126.31 (increased from ₹1,916.31 as at March 31, 2026)
  • Reserves and Surplus: ₹11,517.73 (increased from ₹7,335.58)
  • Money Received against Share Warrants: ₹250.00 (new item)
  • Total Equity & Liabilities: ₹19,984.05 (increased from ₹13,028.26)
  • Total Assets: ₹19,984.05 (increased from ₹13,028.26)
  • Cash and cash equivalents: ₹3,288.17 (increased from ₹1,365.49)

Cash Flow Statement:

  • Net Cash from Operating Activities: -₹242.89
  • Net Cash from Investing Activities: -₹3,660.35 (including Purchase of Investments: -₹2,756.73)
  • Net Cash from Financing Activities: ₹5,825.91 (including Proceeds from issue of share capital and Share Warrants: ₹4,198.15)
  • Net increase in cash: ₹1,922.68

Financial Results - Consolidated (₹ in Lakhs)

The consolidated results include L.T. Elevator Limited, Park Smart Solutions Limited (wholly owned subsidiary), and DONGYANG PC, INC. (66.445% subsidiary since August 31, 2026).

Income Statement Highlights:

Half Year Ended September 30, 2026 (Unaudited)

  • Revenue from Operations: ₹7,141.83
  • Other Income: ₹48.96
  • Total Income: ₹7,190.79
  • Total Expenses: ₹5,748.81
  • Profit Before Tax: ₹1,441.99
  • Tax Expense: ₹374.78 (Current tax) with deferred tax asset of ₹4.90
  • Profit attributable to Minority Interest: ₹40.81
  • Profit for the period: ₹1,030.02
  • Earnings Per Share: Basic ₹4.84, Diluted ₹4.84

Comparative Performance:

  • Half Year Ended March 31, 2026 (Unaudited): Profit ₹1,056.64, EPS ₹5.51
  • Half Year Ended September 30, 2025 (Unaudited): Profit ₹645.46, EPS ₹3.37
  • Year Ended March 31, 2026 (Audited): Profit ₹1,702.07, EPS ₹8.88

Consolidated Balance Sheet Position (as at September 30, 2026):

  • Share Capital: ₹2,126.31
  • Reserves and Surplus: ₹11,517.73
  • Money Received against Share Warrants: ₹250.00
  • Minority Interest: ₹1,120.76 (new item)
  • Total Equity & Liabilities: ₹23,950.18
  • Total Assets: ₹23,950.18
  • Cash and cash equivalents: ₹5,883.03 (includes ₹2,630.65 cash acquired on acquisition of subsidiary)

Fundraising and Utilization

Preferential Allotment:

During the half-year ended September 30, 2026, the company allotted 21,00,078 equity shares of ₹10 each at a price of ₹188 per share (including a premium of ₹178 per share) by way of preferential issue, raising ₹41.98 crore.

Utilization of preferential issue proceeds as of September 30, 2026:

  • Capital expenditure for new factory: ₹1,000.00 allocated, ₹0 utilized
  • Funding inorganic growth opportunities: ₹2,756.73 allocated, ₹0 utilized
  • General corporate purposes: ₹193.73 allocated, ₹0 utilized
  • Expenses related to preferential allotment: ₹247.69 allocated, ₹0 utilized

IPO Proceeds Utilization:

The company had raised ₹3,390.00 lakhs from IPO proceeds of fresh issue of Equity Shares. Utilization as disclosed:

  • Working Capital Requirements: ₹2,000.00 allocated, ₹1,338.17 utilized
  • Investment in subsidiary Park Smart Solutions Limited: ₹800.00 allocated, ₹800.00 utilized
  • General corporate purposes: ₹590.00 allocated, ₹583.27 utilized

Auditor Review

  • The financial results were subjected to limited review by the Statutory Auditors, KSA & Co. Chartered Accountants (FRN: 003822C).
  • The auditors issued an unmodified review conclusion stating nothing came to their attention causing them to believe the financial results contain material misstatement.

Notes to Financial Statements

  • The company operates in a single reportable segment.
  • Previous year/period figures have been regrouped/reclassified wherever necessary for comparison.
  • The comparative results for half-year ended March 31, 2026 are balancing figures between audited full year and unaudited half-year figures.